Albertans have the highest median after-tax income in the country, according to Statistics Canada.
The federal agency, in its Canadian Income Survey released on Wednesday, said Alberta families of two or more people had the highest median income in 2012 — $92,300 — followed by Saskatchewan at $77,300, Ontario at $73,700 and British Columbia at $72,200.
The national figure was $71,700.
“Families in Alberta not only had the highest median after-tax income, they also had the highest median market income at $102,700. Since the tax system is directly tied to income earned and some transfers are tied to income, families in the province also had the highest median income tax paid ($15,600) and the lowest median government transfers ($2,400),” said Statistics Canada.
“This was also the case for unattached individuals, as those in Alberta had the highest median after-tax income ($36,500), market income ($37,000) and income tax paid ($4,300). They also had the lowest median government transfers ($400).”
The federal agency said after-tax income is the total of market income and government transfers, less income tax. Market income consists of earnings, private pensions as well as income from investments and other sources such as support and disability payments.